Shriram Asset Management Company Limited has announced its unaudited financial results for the quarter ended June 30, 2020, along with proposals for capital restructuring. The company's board has approved these financial results and capital structure changes, subject to shareholder approval.

Financial Performance

Shriram Asset Management reported a net loss of Rs. 6.74 lakhs for the quarter ended June 30, 2020. This marks a significant improvement compared to the previous quarter's loss of Rs. 74.70 lakhs. The company's financial highlights for the quarter include:

Proposed Capital Restructuring

The board has approved two key proposals for capital restructuring:

1. Increase in Authorized Share Capital: The company plans to increase its authorized share capital from Rs. 60 crores to Rs. 70 crores. This will be achieved by creating an additional 10 lakh preference shares of Rs. 100 each.

2. Issuance of Preference Shares: Shriram Asset Management proposes to issue redeemable non-convertible preference shares worth up to Rs. 10 crores through private placement.

Both these proposals require shareholder approval before implementation.

Disputed Redemption Money

The company disclosed that it holds Rs. 227.85 lakhs in disputed redemption money related to 'Risk Guardian 95' units. The current value of this disputed amount, including accrued interest, stands at Rs. 1,433.40 lakhs.

These financial results and capital restructuring proposals indicate Shriram Asset Management's efforts to strengthen its financial position and capital structure. Shareholders will be watching closely as these proposals move forward for their approval.

Shriram Asset Management Company has announced a significant leadership change, appointing Vetri Subramaniam as its new Managing Director and Chief Executive Officer, effective February 1, 2026. This strategic move marks a new chapter for one of India's prominent asset management firms.

Leadership Transition

Vetri Subramaniam, who joined UTI AMC in 2017 and rose to the position of Chief Investment Officer in 2021, will succeed the current MD and CEO, Imtaiyazur Rahman. To ensure a smooth transition, Rahman will continue to serve the company as a strategic advisor until June 12, 2026.

Imtaiyazur Rahman's Legacy

Under Rahman's leadership since 2018, UTI AMC has witnessed remarkable growth:

• The company successfully launched its Initial Public Offering (IPO) in 2020.
• Market capitalization tripled to over Rs 18,000.00 crore.
• Assets under management (AUM) saw a sevenfold increase, reaching Rs 21.93 lakh crore in 2025.

Market Performance

The announcement had a minimal impact on UTI AMC's stock performance:

• Shares closed at Rs 1,347.80 on the National Stock Exchange (NSE), down 0.12%.
• Over the past 12 months, the stock has gained 13.46%.

Analyst Outlook

The stock currently has mixed recommendations from analysts:

• The average price target stands at Rs 1,427.06, indicating a potential upside of 5.90%.

This leadership transition comes at a time when UTI AMC has demonstrated strong growth and market presence. As Vetri Subramaniam prepares to take the helm, investors and industry observers will be keenly watching how the company navigates its next phase of growth in India's dynamic asset management landscape.